8 Great Tech Brands Losing Money
4. Sony
Lost: $6.4 billion net loss in the last fiscal year
Only recently Sony was the world leader in consumer electronic products such as televisions, cameras, DVD players and portable music players. But the company is now losing ground due to stiff competition from Apple and Samsung. The company has reported a loss of $6.4 billion net loss in the last fiscal year and their earnings outlook has deceased for the fourth time in a year.
The company that once ruled the game console market with its PS2 and portable music device market with the walkman series is also losing its market share in these segments too. The Wall Street Journal said the loss would be “the biggest-ever in the electronics conglomerate’s 65-year history.”
